Tuesday, February 22, 2011

Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms


Mortgage News Daily

Refinancing Borrowers Shun ARMs in Q4. Opt for Shorter Loan Terms
Posted to: MND NewsWire
Wednesday, February 16, 2011 10:28 AM
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Americans are increasingly turning away from variable rate mortgage products when refinancing according to the Quarterly Product Transition Report issued by Freddie Mac.  An increasing share of refinancing borrowers also chose to shorten their loan terms during the fourth quarter. 
In the fourth quarter of 2010, fixed-rate mortgages (FRM) accounted for more than 95 percent of all loans used for refinance. 

SmartMoney.com: The New Costs of Renting

The New Costs of Renting
February 22, 2011
By AnnaMaria Andriotis
Choosing to rent instead of buy, some are discovering higher costs than anticipated. Suddenly, buying doesn't look so bad.

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2nd of 10 clever ways to save money on your mortgage!

2. Cut Out the PMI PMI protects the lender in case of loan default If you borrow more than 80% of the value of your home, you normally...

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